Download Sri Lanka - Austrade

Sri Lanka
Market Summary
The Port of Colombo - The largest and busiest port in Sri Lanka
Introduction
Sri Lanka – Key industry facts
Sri Lanka, the island nation is located south of the Indian
subcontinent. The private sector drives the Sri Lankan
economy led by services such as telecommunications,
transport, banking and tourism; and export industries
including apparel, ceramics, gems and tea. The end of the
civil war in 2009 has buoyed prospects for economic
development, with increasing investment into tourism and
infrastructure, driven by extensive reconstruction programs
in northern and eastern Sri Lanka. Sri Lanka’s geographical
location on the Indian Ocean’s global shipping route
provides a strategic advantage.

The world's largest producer of cinnamon; 2nd largest
exporter of tea; world leader in industrial solid tyres
and 10th largest producer of rubber

Major apparel global production centre serving global
apparel brands such as Victoria’s Secret, Gap, Next,
Marks & Spencer

Overseas remittances through employment
significant foreign exchange contributor

Small but sophisticated software industry producing
cutting-edge software including for international stock
exchanges

Emerging as a key international BPO / KPO
destination with specialisation in accountancy, legal,
CAD / CAM

Can be a gateway to the Indian market. India is the
largest trading partner of Sri Lanka. Most exports from
Sri Lanka qualify for duty free entry to India’s large and
growing market
Quick facts

Area: 65,600 sq kms

Population: 21 million

Country GDP: US$75 billion
is
Major cities



Colombo: The commercial and industrial capital of Sri
Lanka, Colombo has strengths in banking, finance, IT,
jewellery, export oriented manufacturing and services
sector
Australia – Sri Lanka business
relationships

Kandy – The 2nd largest city in Sri Lanka. Kandy is Sri
Lanka’s tea and spices production base.
Sri Lanka is the largest importer of Australian lentils,
importing around 70% of Australian lentil.

Galle: a world heritage site and strategically located on
the global shipping route with port and tourism
infrastructure development projects
Wellard Rural Exports, Australia is involved in export of
Australian dairy cattle in a Sri Lankan government run
dairy development program

Sri Lanka is one of the most preferred education
destination for Srilankan students and ranked amongst
For more information email [email protected] or visit austrade.gov.au
the top ten for students pursuing post graduate studies
in Australia.

SMEC Australia is involved in one of the largest
infrastructure projects in Sri Lanka – The Colombo
Northern Expressway

Australian mining companies Iluka is exploring for
mineral sands whilst MRL Corporation Ltd and Bora
Bora Resources are exploring for graphite.

The Australian Government is involved in several
multi-lateral development / aid projects in Sri Lanka in
education, sanitation, water & housing
Australian companies doing
business in Sri Lanka

William Angliss TAFE with Colombo Academy of
Hospitality Management offering hospitality courses
from certificate to advanced diploma level.
Major industry opportunities for
Australia

Agribusiness and Dairy: export of Australian cattle,
dairy inputs and expertise

Fisheries: capacity and capability building of the Sri
Lankan fisheries sector

Infrastructure:
contracts.

Property development: architectural, engineering
consultancy, landscaping, interior fitout and HVAC for
hospitality projects

Food and beverage: export of wine, meat, fine food
Key Australian exporters
engineering
consultancy,
building

Leighton – Infrastructure

SMEC – Infrastructure

Outotec – Infrastructure

ECB Envico – Infrastructure

Wellard Rural Exports – Agribusiness

Glencore Grain Pty Ltd - Agribusiness
Further information

Murray Goulburn – Food and Beverage

Board of Investment - www.investsrilanka.com

Treasury Wines – Food and Beverage

Ceylon Chamber of Commerce - www.chamber.lk

Australian Vintage Limited – Food and Beverage


Cochlear – Advance Manufacting
Sri Lanka Australia New Zealand Business Council www.slanzbc.com
Education: transnational education, articulation
arrangements, research collaboration, student and
academic exchange programs, school engagement
The Australian Trade Commission
Key investment from Sri Lanka in
Australia

hSenid – IT

Wavenet – IT

Exetel Communication – IT

Rinstrum Australia – Advance Manufacturing

Illuka - Mining
Key Australian education and research
activites



TAFE SA with International Institute of Health
Sciences offering nursing diploma.
University of Southern Queensland with the Institute
of Chartered Accountants of Sri Lanka offering joint
MBA program.
Edith Cowan University/PIBT with Australian College
of Business and Technology (ACBT) and Swinburne
College with Nawaloka College of Higher Studies
(NCHS) - Integrated pathway, University Foundation
Programs (UFP's) and Diplomas in Sri Lanka.
January 2016
The Australian Trade Commission – Austrade – is the
Australian Government’s trade, investment and education
promotion agency.
Through a global network of offices, Austrade assists
Australian companies to grow their international business,
attracts productive foreign direct investment into Australia,
and promotes Australia’s education sector internationally.
The Austrade office in Colombo services Sri Lanka. For
more
information
call
132878
or
email
to
[email protected]
DISCLAIMER
While every effort has been made to ensure the information given
in this document is accurate, The Australian Trade Commission
does not provide warranty or accept liability for any loss arising
from reliance on such information.
©Commonwealth of Australia 2016